asked 168k views
1 vote
Which of the following terms refers to earnings from work or investments?

a. income
b. assets
c. wealth
d. power

1 Answer

4 votes

Final answer:

In a market economy, income comes from ownership of resources or assets, such as labor, real estate, or financial assets.

Step-by-step explanation:

In a market economy like the United States, income comes from ownership of the means of production: resources or assets. For the majority of people, the most important resource they own is their labor, which results in wages, salaries, commissions, tips, and other types of labor income. Additionally, some people earn income from owning real estate or financial assets like bank accounts, stocks, and bonds.

answered
User RoShan Shan
by
7.8k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.